Retail Bankruptcies Exploding: Here Are Sectors Where It’s Happening

It’s being called the Retail Apocalypse by analysts as 2017 sees massive spikes in retail bankruptcies. Some are saying that the retail bubble has burst, and the fallout is happening now. Retailers across the country, including big name brands such as Payless, Gymboree, and Bebe, are shuttering locations, filing for bankruptcy protection, reorganizing, or liquidating.

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50 Cent Settles Bankruptcy for More than 50 Cents

This may be my last Fitty blog post. You see, rapper Curtis Jackson – known as 50 Cent – has exited bankruptcy with his death discharged. Thus ends a long strange trip that began with Curtis Jackson on the losing end of a lawsuit that he lost to Lastonia Leviston after being found liable for damages of $7 million in a sex tape case.

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Another Big Retailer Files Bankruptcy Leaving Thousands Jobless

It’s argued that this allows companies to place the restructuring burden on their employees, escape pension obligations, and duck out of negotiated wages and benefits – and it does. A&P, various airlines, Donald Trump’s casinos, and even the Chicago Public School System are all staring down the barrel of the same situation

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Aeropostale Files for Chapter 11 Bankruptcy

Aeropostale followed more mall stalwarts of the 90’s and 00’s into bankruptcy court, seeking a reorganization. Such once must-have brands such as Wet Seal, Delia’s, American Apparel, and Pacific Sunwear have sought reorganizations as teen shoppers forsake the mall experience for online shopping, fast fashion along the lines of H&M, and hunt for deals to stretch their clothing dollars farther

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Fallen Idol, Core Media Facing Chapter 11 Bankruptcy

Reality show producer Core Media is facing some reality of its own. The company behind American Idol, So You Think You Can Dance, Man v. Food, and other offerings seems to be feeling the chill now that American Idol is taking its final bow after 15 seasons.

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Chapter 7 Bankruptcy for Businesses Q&A

You’re not required to have one, but you do need some experienced advice. A qualified attorney can advise you on whether you need to file for bankruptcy, and if you do which filing would be beneficial.

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Chapter 11 Bankruptcy for Businesses Q&A

That’s just the tip of the iceberg when it comes to filing for a Chapter 11 bankruptcy, and this is not a DIY job. If you want to come out of bankruptcy and get back to normal, you need someone on your side who’s navigated these types of cases before.

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Clearing Your Name: Removing False Online Reviews

Your company’s reputation is the lifeblood of your business, meaning you can’t afford to let it be tarnished by someone with a chip on their shoulder. If more than 48 hours pass without a response from the fraudulent reviewer or more false negative reviews start coming in, contact a lawyer as soon as possible.

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